International Tax Service
International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries or the international aspects of an individual country’s tax laws as the case may be. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation relating to extraterritorial income. The manner of limitation generally takes the form of a territorial, residence-based, or exclusionary system. Some governments have attempted to mitigate the differing limitations of each of these three broad systems by enacting a hybrid system with characteristics of two or more.
Systems of taxation vary among governments, making generalization difficult. Specifics are intended as examples, and relate to particular governments and not broadly recognized multinational rules. Taxes may be levied on varying measures of income, including but not limited to net income under local accounting concepts (in many countries this is referred to as ‘profit’), gross receipts, gross margins (sales less costs of sale), or specific categories of receipts less specific categories of reductions. Unless otherwise specified, the term “income” should be read broadly.
Multinational Enterprises (MNEs) have to set up effective & efficient global tax strategies in line with their corporate strategy.
To fulfill the mandatory regulation , Taxbind professionals have wide experiences to assist MNEs to reach their cross border goals to compete in global competition to achieve effective & efficient global tax strategy. We will assist & manage you in International Tax in the following field :
- Tax efficient in supply chains (location , relocation, restructuring, etc)
- Tax treaty advisory
- Cross border financing tax efficiency
- Tax planning for Controlled Foreign Company (CfC)